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20121112
20121120
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of going over the fiscal cliff. energy companies and others warning that when their taxes go up, they're going to have to start shipping their jobs overseas. you say they're right. >> the corporate tax rate, when you count state, local and federal, is around 60%. what's happening is companies have to compete against companies from germany or sweden, or canada where the corporate rate there is now 15%. what we're talking about essentially is even the president's own jobs council led by jeffrey immelt and the advisor board and sim so much bowles said lower the corporate rate. the president agreed to that. when you have a high tax rate, that invites all sorts of cronyism where congress throws in loopholes to favor their political cronies at companies that donate to them. >> morgan, the president has said he wants to lower the corporate tax rate down to 28%, but even at 28%, it is above all the others, maybe with the exception of spain. >> i don't think taxes alone are the reason that companies are going to offshore or even going to offshore jobs in the next year or two. i think we're see
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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